Annual Costs

Undergraduate Tuition

Tuition for Baylor University is $39,610 for the 2018/2019 academic year. This is 45% more expensive than the national average private non-profit four year college tuition of $28,471. The cost is 160% more expensive than the average Texas tuition of $15,819 for 4 year colleges. Tuition ranks 86th in Texas amongst 4 year colleges for affordability and is the 7th most expensive 4 year college in the state. Price does not vary by residence.

The school charges an additional fees of $4,180 in addition to tuition bringing the total effective in-state tuition to $43,790.

Housing Costs

On campus room and board is provided by the school at a cost of $12,163 per academic year. Students electing to live off campus elsewhere in Waco should budget at least this amount.

Books and Supplies

The estimated annual cost for books and supplies is $1,200.

Other Living Expenses

If living on-campus, students should budget for $3,080 in additional living expenses. Off-campus students should budget for $3,686 in other miscellaneous living expenses.

Total Costs

The annual tuition and living expense budget to go to Baylor was $60,233 for the 2018/2019 academic year. The cost is the same for all students regardless of Texas residence status as there is no in-state discount.

Citation: Price data from the U.S. Department of Education's 2018-2019 and 2017-2018 IPEDS survey response for Baylor University and represent reported costs for the 2016-2017 and 2015-2016 academic years.

Costs and Tuition for Baylor University
Estimated Budgets
Texas Resident Total Budget $60,233
   In-State Tuition$39,610
   Other Fees$4,180
   Room and Board$12,163
   On-Campus Other Budget$3,080
   Books and Supplies$1,200
Non-Resident Total Budget $60,233
   Out-of-State Tuition$39,610
   Other Fees$4,180
   Room and Board$12,163
   On-Campus Other Budget$3,080
   Books and Supplies$1,200


What it Really Costs

Depending on many factors including student and parent income and assets, the total cost of attendance may be less than the $60,233 published price if scholarship or grant aid is made available to you.

Net Price

The net out-of-pocket total cost you end up paying or financing though student loans is known as the net price. The reported Baylor net price for in-state students is $34,900* for the 2014/2015 academic year. This net price includes housing and meal expenses.

Pell Grants and other Grant Aid

95% of Baylor University students received grant aid in 2014/2015. The average total aid amount was $18,917. 20 percent of students received aid in the form of Pell Grants from the U.S. Federal Government. The average Pell Grant awarded for 2014/2015 was $4,290. To apply for a Pell Grant to attend Baylor University, the first step is to fill out the Free Application for Federal Student Aid (FAFSA).

Net Price and Financial Aid for Baylor University
Financial Aid Summary
Average Annual Net Price$34,900*
Percent of Students Receiving Grant Aid95%
Average Total Grant Aid$18,917
Percent of Students Receiving Pell Grants20%
Average Amount of Pell Grant Aid$4,290

Average Net Price by Family Income

The average net total cost of attendance for different levels of family income after federal, state or local government, institutional grant and scholarship aid are awarded. Data last published for the 2014/2015 academic year.

Family Income Avg. Net Price
$0 to $30,000$26,449
$30,001 to $48,000$28,106
$48,001 to $75,000$30,446
$75,001 to $110,000$32,989

Average Financial Aid Mix - $60,233 In-State Total Cost

CollegeCalc has estimated typical coverage of the annual in-state tuition and living expenses of $60,233. Breakdown is based on average grant aid and federal loan aid which will vary based on your family income.


Grants and Scholarships

 33% - $18,917

Money granted to you by the U.S. Department of Education, Baylor University or other organizations. These are not loans and do not need to be repaid.

Federal Loans

 10% - $5,836

Low interest student loans funded by the U.S. Department of Education. This amount will need to be repaid.

Out of Pocket

 57% -  $32,400

Covered by family savings, work or private student loans which you will have to repay.

*Reported Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's Academic Year 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Note that for colleges with no reported on-campus room and board, the average net price has been increased to account for living expenses. This number may not only reflect the net price paid to the school for tuition.

Is it Worth the Cost?

To make a comparative assessment if Baylor is worth the price, measures of it's relative value for tuition dollar can be examined. We've calculated an academic national percentile rating of 88/100 for Baylor University. Considering an average net price paid of $26,870, this leads to an overall value ranking of 60/100. This places the school 175th on our national Best Value Colleges ranking as a provider of a very high value education compared to actual overall price paid.

Tuition Comparison to Similar Private Colleges in the Region

School Cost vs. Baylor University
Southwestern University2.4% more expensive
Texas Christian University12.8% more expensive
Southern Methodist University17.6% more expensive
Trinity University2.8% more expensive
University of Tulsa2.2% more expensive

Cost of a Degree

When considering ability to pay for college, the annual cost is often discussed but it's the "all in" multi-year degree cost which matters in the end. Let's take a look at what it could really cost for four years at Baylor University.

Estimated 4 Year Cost at Published Tuition

At the current published rates, an estimated total tuition, fees and living expense price for a 4 year bachelor's degree at Baylor is $240,932 for students graduating in normal time. This methodology for estimating the 4 year cost is a straight multiple of the most recent reported annual total cost and does not factor in tuition increases during the time you're in school. It also assumes you receive no grant or scholarship aid and pay the full list price.

A potentially more accurate but less conservative estimate of a degree cost can be made by using the school's annual $26,870 in-state net price as the basis. Applying this cost over 4 would estimate the cost of a degree at $107,480**

If you end up on the "five year plan" and need an additional year to graduate, your five year cost could be as high as $301,165 or $134,350 using an average net price.

**Based on a 4 year multiple of Average Annual Net Price for students receiving grant or scholarship aid reported to the U.S. Department of Education's 2014-2015 IPEDS Survey. Financial aid is only available to those who qualify. Consult this school's net price calculator for further understanding of your potential net price.

Other Costs

Estimated Cost Per Semester

Most colleges don't charge students on an annual basis but instead require payment semester by semester. If you ever need to take an additional semester of classes to complete you degree you shouldn't have to pay for a full academic year. These our estimated costs for a semester at Baylor University.

Texas Resident Tuition Per Semester$19,805
Texas Resident Total Cost Per Semester$30,116

Cost Per Credit Hour and Cost for a Class

Some schools offer the ability to take single classes by paying on a per credit hour basis. The reported price per credit hour and estimated cost for one class at Baylor University are as follows. Per credit costs are for reference only as many schools will not allow students to pay by credit hour.

Cost per credit hour and per class at Baylor University
Price per credit hour$1,197
Cost for one class (3 credit hours)$3,591
Cost for one class (4 credit hours)$4,788


Student Loans and Debt

The second consideration after understanding the cost of college is determining how to finance it. Some students are fortunate enough to have some form of family financial assistance, but student loans end up financing a significant portion of higher education in the U.S. 47% of Baylor University students receive U.S. Federal Student Loans with an average annual Federal Loan aid amount of $5,836.

Example Loan Payments and Costs

How much are student loan payments for Baylor University? Obviously this varies based on a number of factors - offsetting financial aid you receive, percentage of fee you pay upfront while enrolled and the interest rate on your loans. We've modeled a sample student loan based on current Stafford loan rates to give you an approximate idea.

The following are the costs for a loan if you borrowed $107,480, 100% of the estimated average net price for a four year program and paid nothing while enrolled. The total of all payments including interest would sum $133,358.03. This could be your effective total out of pocket cost of an education at Baylor University. Note that this calculation assumes you don't pay full list price tuition, are part of the reported 95% of students at this school who receive financial aid and you are paying an average annual net price of $26,870. If you do not financially qualify for a reduced net price, your student loan payments could be significantly higher than this example. Use our Baylor University student loan calculator below to change loan assumptions and recalculate.

Student loans are not free money and must be repaid. You cannot dismiss student loans by via bankruptcy.

Baylor University Student Loan Payments
Example Payments
Monthly Loan Payment$1,111.32
Amount Borrowed$107,480.00
Interest Rate4.5%
Term10 years
Number of Monthly Payments120
Total Interest Cost$25,878.03
Sum of All Payments over 10 years$133,358.03

Affording Student Loan Payments and Post Graduation Salary

Can I afford to attend Baylor? In the end, the answer comes down a determination if you will earn enough to comfortably pay back a student loan with your post graduation salary. This is an extremely important point to consider. In order to afford student loan payments and still meet all your other costs of living, it is recommended not to borrow more than you can pay back using 10% of your monthly income earned after graduation. If you're considering attending Baylor University, you need to carefully consider if it will be realistic to make the post graduation loan payments based on your expected salary.

Using the 10% of salary threshold, an annual income of $133,358.03 would be needed to afford a $1,111.32 monthly payment in the example $107,480.00 loan modeled above. You will need to determine if it is at all realistic that you will be earning this type of salary after graduation. This assumes a loan payback over 10 years. You can change the terms of this example loan using the student loan calculator below.

Estimated Future Cost and Expected Tuition Increase

What will it cost to send your child to Baylor University in the future? In the past four years, this school's published in-state tuition and fee total rose from $30,586 to $39,610. This amounts to an average annual price increase of 5.9%. Nationally, university tuition prices are rising around 5% per year. Looking out five, ten, fifteen or eighteen years, these are CollegeCalc's estimates how much you could expect to pay for a 4 year degree assuming tuition increases at the national average rate. Estimated future prices are based on the current 4 year cost of $240,932.00. Use the college savings plan calculator below to perform a more comprehensive analysis on future costs and how much you will need to save for Baylor University.

Annual4 Year Degree
Estimated Cost in 5 years for students enrolling in 2025$82,834$331,338
Estimated Cost in 10 years for students enrolling in 2030$105,720$422,880
Estimated Cost in 15 years for students enrolling in 2035 $134,929$539,714
Estimated Cost in 18 years for students enrolling in 2038 $156,197$624,787

Comparable Cost for Popular Majors

We've compared the out of state cost of the most popular undergraduate areas of study at Baylor University to the national average for all other colleges offering the same major. Use this comparison to determine particular programs where this school offers value relative to other colleges.

Area of Study Graduates vs National Avg
Registered Nursing/Registered Nurse Bachelor's Degree 140 68% costlier
Health/Medical Preparatory Programs, Other Bachelor's Degree 73 58% costlier
Mechanical Engineering Bachelor's Degree 63 42% costlier
Business Administration and Management, General Bachelor's Degree 53 74% costlier
Early Childhood Education and Teaching Bachelor's Degree 52 74% costlier
Communication Sciences and Disorders, General Bachelor's Degree 48 67% costlier
Health and Physical Education/Fitness, General Bachelor's Degree 45 67% costlier
Social Work Bachelor's Degree 37 67% costlier
Multi-/Interdisciplinary Studies, Other Bachelor's Degree 37 44% costlier
Business/Managerial Economics Bachelor's Degree 34 50% costlier
Fashion Merchandising Bachelor's Degree 31 60% costlier
Music Performance, General Bachelor's Degree 31 51% costlier
Business/Commerce, General Bachelor's Degree 31 60% costlier
Neuroscience Bachelor's Degree 30 5% costlier
International Business/Trade/Commerce Bachelor's Degree 30 46% costlier
Interior Design Bachelor's Degree 30 56% costlier
Marketing/Marketing Management, General Bachelor's Degree 27 66% costlier
Music Teacher Education Bachelor's Degree 27 59% costlier
Human Development and Family Studies, General Bachelor's Degree 27 63% costlier
Electrical and Electronics Engineering Bachelor's Degree 26 43% costlier
Anthropology Bachelor's Degree 25 33% costlier
Entrepreneurship/Entrepreneurial Studies Bachelor's Degree 22 50% costlier
Finance, General Bachelor's Degree 21 62% costlier
Real Estate Bachelor's Degree 18 45% costlier
Philosophy Bachelor's Degree 16 33% costlier
Acting Bachelor's Degree 16 37% costlier
Chemistry, General Bachelor's Degree 16 45% costlier
Mathematics Teacher Education Bachelor's Degree 15 70% costlier
Human Nutrition Bachelor's Degree 13 43% costlier
Elementary Education and Teaching Bachelor's Degree 12 70% costlier
Business, Management, Marketing, and Related Support Services, Other Bachelor's Degree 12 52% costlier
Environmental Science Bachelor's Degree 12 41% costlier
Political Science and Government, General Bachelor's Degree 12 45% costlier
Exercise Physiology Bachelor's Degree 12 42% costlier
Humanities/Humanistic Studies Bachelor's Degree 11 41% costlier
Mathematics, General Bachelor's Degree 11 47% costlier
Linguistics Bachelor's Degree 10 21% costlier
History, General Bachelor's Degree 9 47% costlier
Geology/Earth Science, General Bachelor's Degree 9 45% costlier
Fashion/Apparel Design Bachelor's Degree 9 33% costlier
Social Studies Teacher Education Bachelor's Degree 9 62% costlier
Biology/Biological Sciences, General Bachelor's Degree 9 49% costlier
Athletic Training/Trainer Bachelor's Degree 8 60% costlier
Sales, Distribution, and Marketing Operations, General Bachelor's Degree 8 40% costlier
Specialized Merchandising, Sales, and Marketing Operations, Other Bachelor's Degree 8 36% costlier
Environmental Studies Bachelor's Degree 7 23% costlier
Teacher Education and Professional Development, Specific Subject Areas, Other Bachelor's Degree 7 59% costlier
International Relations and Affairs Bachelor's Degree 6 28% costlier
English/Language Arts Teacher Education Bachelor's Degree 6 72% costlier
Information Technology Bachelor's Degree 6 77% costlier
Forensic Science and Technology Bachelor's Degree 6 57% costlier
English Language and Literature, General Bachelor's Degree 5 50% costlier
Engineering, General Bachelor's Degree 5 32% costlier
Physics, General Bachelor's Degree 5 37% costlier
Family and Consumer Sciences/Human Sciences, General Bachelor's Degree 5 90% costlier
Asian Studies/Civilization Bachelor's Degree 5 15% costlier
Airline/Commercial/Professional Pilot and Flight Crew Bachelor's Degree 5 77% costlier
Physical Education Teaching and Coaching Bachelor's Degree 4 72% costlier
Religious/Sacred Music Bachelor's Degree 4 76% costlier
Accounting Bachelor's Degree 4 62% costlier
Speech Communication and Rhetoric Bachelor's Degree 4 52% costlier
Sociology Bachelor's Degree 4 46% costlier
Insurance Bachelor's Degree 4 53% costlier
Health Occupations Teacher Education Bachelor's Degree 4 43% costlier
Spanish Language and Literature Bachelor's Degree 4 40% costlier
Bioinformatics Bachelor's Degree 4 46% costlier
Religion/Religious Studies Bachelor's Degree 4 27% costlier
French Language and Literature Bachelor's Degree 4 31% costlier
Music Theory and Composition Bachelor's Degree 3 29% costlier
Drama and Dramatics/Theatre Arts, General Bachelor's Degree 3 42% costlier
Special Education and Teaching, General Bachelor's Degree 3 69% costlier
Statistics, General Bachelor's Degree 3 34% costlier
Art History, Criticism and Conservation Bachelor's Degree 3 22% costlier
Journalism Bachelor's Degree 3 56% costlier
Classics and Classical Languages, Literatures, and Linguistics Bachelor's Degree 3 14% costlier
Psychology, General Bachelor's Degree 3 49% costlier
Human Resources Management/Personnel Administration, General Bachelor's Degree 2 73% costlier
Technical Theatre/Theatre Design and Technology Bachelor's Degree 2 39% costlier
Architecture Bachelor's Degree 2 26% costlier
German Language and Literature Bachelor's Degree 2 28% costlier
Applied Mathematics, General Bachelor's Degree 2 34% costlier
Pre-Medicine/Pre-Medical Studies Bachelor's Degree 2 40% costlier
Music, General Bachelor's Degree 2 46% costlier
Biochemistry Bachelor's Degree 2 29% costlier
Logistics, Materials, and Supply Chain Management Bachelor's Degree 2 65% costlier
Clinical Laboratory Science/Medical Technology/Technologist Bachelor's Degree 2 69% costlier
Public Administration Bachelor's Degree 1 76% costlier
Computer Science Bachelor's Degree 1 43% costlier
Biology Teacher Education Bachelor's Degree 1 80% costlier
Fine/Studio Arts, General Bachelor's Degree 1 40% costlier
Museology/Museum Studies Bachelor's Degree 1 13% costlier
Environmental Health Bachelor's Degree 1 67% costlier
Radio and Television Bachelor's Degree 1 56% costlier
Financial Planning and Services Bachelor's Degree 1 68% costlier
Russian Language and Literature Bachelor's Degree 1 15% costlier
Professional, Technical, Business, and Scientific Writing Bachelor's Degree 1 55% costlier
Chemistry Teacher Education Bachelor's Degree 1 69% costlier
Geophysics and Seismology Bachelor's Degree 1 24% costlier
Music History, Literature, and Theory Bachelor's Degree 1 31% costlier
Digital Communication and Media/Multimedia Bachelor's Degree 1 40% costlier


Use the calculators below to formulate a college savings plan for Baylor University or model a student loan.

College Savings Calculator

Plan and Save for College

Discover how much will you need to start saving now to afford Baylor University in the future.

Student Loan Calculator

Estimate Loan Payments

Modify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a Baylor University student loan.

Prepayment Option

About Baylor University

Baylor University is a four year private college located in Waco, Texas.  The school is affiliated with the Baptist faith.  Full time enrollment is 16,183 and part time is 776. Learn more about getting accepted at Baylor University at CollegeSimply.

Students attending this school may pursue both undergraduate and graduate degrees.

Baylor University
500 Speight Ave.
Waco, Texas

For Profit / Not For Profit Status

Baylor University is a private not for profit institution.

Baylor University cost and financial aid data source: U.S. Department of Education https://nces.ed.gov/collegenavigator/?id=223232 IPEDS survey data.